Hi I just closed on my first real estate investment property today!

I received a letter from the HOA about a violation of the rules - there is an oil spill in the property driveway.

The average sale time decreased by 23.3%, indicating a quick turnover which is beneficial for investors looking for liquidity​​.Property Analysis:Rental income potential: $2,500 - $2,900 per unit, totaling $5,000 - $5,800 per month.Rental Strategy: With the high demand for rentals in the area, this property could generate a steady rental income.

I have bought and partnered with on a handful of properties and have grown my property management services.  

Also, consider what type of investment you're interested in—whether it's single-family homes, multifamily properties, short-term, long-term, flips, etc.

I used to be their BIC for NC, I would love to share about my firm I lunged to provide LOCAL property management services! 

If a property owner stops paying on a note the lender just “takes” the property3.

Quote from @Erica Calella: Quote from @Joseph Elci: Hello All, I am hoping to have invested in my first property before the end of the year. 

It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.

I'm interested in buying a multi-family property in New York for a reasonable price.